In 2023, the UK imported wheat pellets worth approximately $13.72 million. Forecasts indicate a steady increase in imports, reaching $14.315 million in 2024 and $16.778 million by 2028. This represents a compound annual growth rate (CAGR) of 4.1% over the five-year period. The year-on-year growth rate is anticipated at around 4.2% from 2024 to 2025, maintaining a similar pace through 2028.
Future trends to watch for:
- Global wheat production changes impacting supply and pricing.
- Trade policies affecting import tariffs or restrictions.
- Technological advancements improving pellet quality or alternative uses.
- Environmental and sustainability trends influencing consumer demand.
